Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,430 shares of the company’s stock after selling 17,763 shares during the quarter. Hodges Capital Management Inc.’s holdings in Airbnb were worth $14,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb in the third quarter worth about $25,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the 3rd quarter worth approximately $30,000. Finally, Quarry LP purchased a new stake in shares of Airbnb in the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Down 0.5 %

NASDAQ:ABNB opened at $131.17 on Monday. The company has a market capitalization of $83.16 billion, a PE ratio of 46.02, a P/E/G ratio of 1.72 and a beta of 1.12. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The stock’s 50 day moving average price is $133.69 and its 200 day moving average price is $130.51. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm posted $2.39 earnings per share. On average, research analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,372,293 shares of company stock worth $181,759,318 in the last three months. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their price objective on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group raised their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Piper Sandler lifted their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Benchmark reissued a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $139.63.

Airbnb Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.